Issue of Equity

26 Jun 2007 17:12

Kefi Minerals plc26 June 2007 KEFI Minerals plc ("KEFI Minerals" or the "Company") Issue of New Shares KEFI Minerals confirms that the directors of the Company have approved anallotment of 2,250,000 ordinary shares of 1p each in the share capital of theCompany ("New Ordinary Shares") as follows: • 1,000,000 have been allotted to Malcolm Stallman at a price of 3.5 p per share (being the mid-market price for 30 days prior to the date of allotment) in lieu of salary for professional services provided to KEFI Minerals for the period to 31 December 2007. • 1,250,000 have been allotted to the PANT Partnership at a price of 3.5p per share in accordance with the terms of the agreement made between (i) KEFI Minerals and (ii) the PANT Partnership pursuant to which KEFI Minerals acquired a proprietary geological database covering extensive parts of Turkey.(3.5p is the mid market price for 5 days prior to allotment as per the agreement). This payment became due following the grant of the Muratdag license in Turkey. Application has been made for the New Ordinary Shares to be admitted to AIM anddealings in the New Ordinary Shares is expected to commence on 2 July 2007. The total number of issued ordinary shares in the Company, including the NewOrdinary Shares, is now 102,833,334. ordinary shares. For further information contact: David Youngman, W.H. Ireland Ltd. Tel: +44 (0) 161 832 6644Jeffrey Rayner, KEFI Minerals plc Tel: +90 53 6963 0111 This information is provided by RNS The company news service from the London Stock Exchange